First Quarter Consumer Bankruptcy Filings Fall 6 Percent from 2010

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For the first quarter of 2010, US consumer bankruptcies totaled 388,148, up from 330,477 in the same period of 2009. The first two months of the second quarter saw a total of 260,980 filings.

For the first quarter of 2010, new filings increased 10.7 percent over the same three-month period in 2009, court statistics show. Filings in the court’s Wilkes-Barre office, however, were up only.

The American Bankruptcy Institute’s (ABI) Commission on Consumer Bankruptcy is reviewing filing trends to make recommendations for improvement to the consumer bankruptcy system. The total bankruptcy filings in the first calendar quarter, Jan. 1 – March 31 this year, declined slightly by 0.23 percent to 195,199, compared to 195,647 during the same time in 2016.

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Decrease in business bankruptcies not expected to last. Nationally, consumer bankruptcies increased 11 percent in the first nine months of 2010, according to a recent report from the American Bankruptcy Institute. U.S. bankruptcy filings so far in 2010 represent the highest total since 2005.

There were nearly 1.6 million consumer bankruptcy filings in the United States in 2004 – more than twice the number just ten years earlier, and more than one filing for every 70 households in the.

More than Half of Consumers with Blemished Credit Records Have. 4.5 million tax liens, 2.2 million records with bankruptcies and civil judgments, 1.2 million. incidence of new foreclosure and adverse public records peaked in 2010, the.. 660-700 fell 30 percent, and loans to borrowers with credit score of below 660.

Total bankruptcy filings in the United States decreased 16 percent in the first calendar quarter (Jan. 1 – March 31) of 2013 from the same period in 2012, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 263,516 in the first quarter of 2013, down from the 314,832 filings registered in the first calendar quarter of.